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Fulshear EDC reports sales tax gains; board approves $11,111.93 in payables
Summary
Staff reported November remittances (for September) of $227,785.35 and total fiscal-year sales tax revenue of $2,248,879.23 (about 110% of budget, a 14.6% year-over-year increase). The board approved payables totaling $11,111.93 to the city.
Staff presented the corporation’s financials at the Nov. 17 meeting, reporting strong sales-tax performance and asking the board to approve current payables.
A staff member reported that collections received in November (for September remittances) were $227,785.35. Total corporate sales-tax receipts for the fiscal year were reported as $2,248,879.23, which staff characterized as 110% of the budget and about a 14.6% increase year over year. "For the collections received in November, which are the September remittances, we were up 1.7% from the same period the previous year, totaling $227,785.35," the staff member said.
The Chair then noted a payable in the amount of $11,111.93 and the board moved to approve the financials and payables for the period ending 09/30/2025. The motion was seconded and, after ayes were called, the motion carried.
Board members discussed contingency coverage for change orders on ongoing capital projects during the financial review but did not change budget allocations at the meeting.
